Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Chairman of the Board Abhijit Banerjee was the last director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 04
Linde Bangladesh Limited to Report Q1, 2026 Results on May 06, 2026 Linde Bangladesh Limited announced that they will report Q1, 2026 results on May 06, 2026 Announcement • Apr 10
Linde Bangladesh Limited announces Annual dividend, payable on July 12, 2026 Linde Bangladesh Limited announced Annual dividend of BDT 10.0000 per share payable on July 12, 2026, ex-date on April 30, 2026 and record date on April 29, 2026. Announcement • Apr 09
Linde Bangladesh Limited, Annual General Meeting, Jun 10, 2026 Linde Bangladesh Limited, Annual General Meeting, Jun 10, 2026, at 11:00 Central Asia Standard Time. Announcement • Apr 01
Linde Bangladesh Limited to Report Fiscal Year 2025 Results on Apr 08, 2026 Linde Bangladesh Limited announced that they will report fiscal year 2025 results on Apr 08, 2026 Announcement • Oct 13
Linde Bangladesh Limited to Report Q3, 2025 Results on Oct 16, 2025 Linde Bangladesh Limited announced that they will report Q3, 2025 results on Oct 16, 2025 Announcement • Jul 21
Linde Bangladesh Limited to Report Q2, 2025 Results on Jul 24, 2025 Linde Bangladesh Limited announced that they will report Q2, 2025 results on Jul 24, 2025 Announcement • May 05
Linde Bangladesh Limited to Report Q1, 2025 Results on May 08, 2025 Linde Bangladesh Limited announced that they will report Q1, 2025 results on May 08, 2025 Announcement • Mar 17
Linde Bangladesh Limited, Annual General Meeting, May 29, 2025 Linde Bangladesh Limited, Annual General Meeting, May 29, 2025, at 11:00 Central Asia Standard Time. Announcement • Mar 06
Linde Bangladesh Limited to Report Fiscal Year 2024 Results on Mar 13, 2025 Linde Bangladesh Limited announced that they will report fiscal year 2024 results on Mar 13, 2025 Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ৳1,076, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 25x in the Chemicals industry in Bangladesh. Total returns to shareholders of 31% over the past three years. Announcement • Oct 29
Linde Bangladesh Limited to Report Q3, 2024 Results on Oct 31, 2024 Linde Bangladesh Limited announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ৳1,250, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 29x in the Chemicals industry in Bangladesh. Total returns to shareholders of 33% over the past three years. Upcoming Dividend • Sep 19
Upcoming dividend of ৳410 per share Eligible shareholders must have bought the stock before 26 September 2024. Payment date: 27 October 2024. Trailing yield: 11%. Within top quartile of Bangladeshi dividend payers (4.1%). Higher than average of industry peers (3.8%). Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ৳1,332, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 29x in the Chemicals industry in Bangladesh. Total returns to shareholders of 12% over the past three years. Announcement • Sep 02
Linde Bangladesh Limited to Report Fiscal Year 2024 Results on Sep 04, 2024 Linde Bangladesh Limited announced that they will report fiscal year 2024 results on Sep 04, 2024 Buy Or Sell Opportunity • Aug 29
Now 22% undervalued Over the last 90 days, the stock has risen 21% to ৳1,157. The fair value is estimated to be ৳1,477, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 18%. Announcement • Jul 29
Linde Bangladesh Limited, Annual General Meeting, Aug 07, 2024 Linde Bangladesh Limited, Annual General Meeting, Aug 07, 2024, at 11:00 Central Asia Standard Time. Buy Or Sell Opportunity • Jul 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.6% to ৳997. The fair value is estimated to be ৳1,266, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 18%. Announcement • Jul 25
Linde Bangladesh Limited to Report Q2, 2024 Results on Jul 29, 2024 Linde Bangladesh Limited announced that they will report Q2, 2024 results on Jul 29, 2024 Upcoming Dividend • Jul 03
Upcoming dividend of ৳154 per share Eligible shareholders must have bought the stock before 10 July 2024. Payment date: 08 August 2024. Trailing yield: 13%. Within top quartile of Bangladeshi dividend payers (4.3%). Higher than average of industry peers (3.6%). Announcement • Jun 22
Linde Bangladesh Limited to Report Q1, 2024 Results on Jun 27, 2024 Linde Bangladesh Limited announced that they will report Q1, 2024 results on Jun 27, 2024 Announcement • Jun 14
Linde Bangladesh Limited to Report Nine Months, 2023 Results on Jun 19, 2024 Linde Bangladesh Limited announced that they will report nine months, 2023 results on Jun 19, 2024 Announcement • Jun 01
ESAB Corporation entered into an agreement to acquire Linde Industries Private Limited from Linde Bangladesh Limited (DSE:LINDEBD). ESAB Corporation entered into an agreement to acquire Linde Industries Private Limited from Linde Bangladesh Limited (DSE:LINDEBD) on May 30, 2024. The acquisition is expected to close later this year subject to shareholder approvals and closing conditions. LIPL generated approximately $20 million in sales in 2023. New Risk • May 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Cash payout ratio: 264% Earnings have declined by 9.2% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Profit margins are more than 30% lower than last year (13% net profit margin). Announcement • Apr 30
Linde Bangladesh Limited to Report Fiscal Year 2023 Results on Apr 30, 2024 Linde Bangladesh Limited announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: ৳13.48 (vs ৳13.83 in 3Q 2022) Third quarter 2023 results: EPS: ৳13.48 (down from ৳13.83 in 3Q 2022). Revenue: ৳1.24b (up 3.1% from 3Q 2022). Net income: ৳205.2m (down 2.5% from 3Q 2022). Profit margin: 17% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Oct 24
Linde Bangladesh Limited to Report Q3, 2023 Results on Oct 26, 2023 Linde Bangladesh Limited announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Aug 01
Second quarter 2023 earnings released: EPS: ৳18.41 (vs ৳15.30 in 2Q 2022) Second quarter 2023 results: EPS: ৳18.41. Revenue: ৳1.12b (down 2.9% from 2Q 2022). Net income: ৳139.9m (down 40% from 2Q 2022). Profit margin: 13% (down from 20% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Reported Earnings • Apr 18
Full year 2022 earnings released: EPS: ৳58.04 (vs ৳80.54 in FY 2021) Full year 2022 results: EPS: ৳58.04 (down from ৳80.54 in FY 2021). Revenue: ৳4.87b (down 4.1% from FY 2021). Net income: ৳883.2m (down 28% from FY 2021). Profit margin: 18% (down from 24% in FY 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 27
Upcoming dividend of ৳42.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 03 April 2023. Payment date: 11 June 2023. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 3.0%. Lower than top quartile of Bangladeshi dividend payers (3.8%). Higher than average of industry peers (2.2%). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Independent Director Rupali Chowdhury was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: ৳15.30 (vs ৳22.54 in 2Q 2021) Second quarter 2022 results: EPS: ৳15.30 (down from ৳22.54 in 2Q 2021). Revenue: ৳1.15b (down 8.0% from 2Q 2021). Net income: ৳232.8m (down 32% from 2Q 2021). Profit margin: 20% (down from 27% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Reported Earnings • May 20
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: ৳19.65 (up from ৳18.88 in 1Q 2021). Revenue: ৳1.36b (up 7.0% from 1Q 2021). Net income: ৳299.0m (up 4.1% from 1Q 2021). Profit margin: 22% (in line with 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 22%, compared to a 22% growth forecast for the industry in Bangladesh. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Rupali Chowdhury was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 21
Linde Bangladesh Limited, Annual General Meeting, May 12, 2022 Linde Bangladesh Limited, Annual General Meeting, May 12, 2022, at 11:00 Bangladesh Standard Time. Agenda: To consider to receive and adopt the accounts for the year ended December 31, 2021 and the reports of the auditors and directors thereon; to consider to declare a dividend for the year ended December 31, 2021; to consider electing directors; to consider to appoint auditors and fix their remuneration; and to consider to appoint compliance auditors and fix their remuneration. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS ৳17.99 (vs ৳22.67 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ৳1.22b (down 9.4% from 3Q 2020). Net income: ৳273.8m (down 21% from 3Q 2020). Profit margin: 22% (down from 26% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 16% share price gain to ৳1,600, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Chemicals industry in Asia. Total returns to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ৳906 per share. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS ৳22.54 (vs ৳22.67 in 2Q 2020) The company reported a mediocre second quarter result with weaker revenues, although earnings were flat and profit margins improved. Second quarter 2021 results: Revenue: ৳1.25b (down 7.3% from 2Q 2020). Net income: ৳343.0m (flat on 2Q 2020). Profit margin: 27% (up from 26% in 2Q 2020). The increase in margin was driven by lower expenses. Reported Earnings • May 16
Full year 2020 earnings released: EPS ৳70.54 (vs ৳80.92 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: ৳4.71b (down 17% from FY 2019). Net income: ৳1.07b (down 13% from FY 2019). Profit margin: 23% (up from 22% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year. Upcoming Dividend • Apr 25
Upcoming dividend of ৳40.00 per share Eligible shareholders must have bought the stock before 02 May 2021. Payment date: 27 June 2021. Trailing yield: 3.8%. Within top quartile of Bangladeshi dividend payers (3.6%). Higher than average of industry peers (2.0%). Is New 90 Day High Low • Feb 12
New 90-day high: ৳1,324 The company is up 9.0% from its price of ৳1,214 on 12 November 2020. The Bangladeshi market is up 13% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Chemicals industry, which is also up 9.0% over the same period. Is New 90 Day High Low • Jan 18
New 90-day high: ৳1,322 The company is up 7.0% from its price of ৳1,232 on 20 October 2020. The Bangladeshi market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: ৳1,292 The company is up 3.0% from its price of ৳1,260 on 10 September 2020. The Bangladeshi market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 5.0% over the same period. Announcement • Jul 26
Linde Bangladesh Limited to Report Q2, 2020 Results on Jul 29, 2020 Linde Bangladesh Limited announced that they will report Q2, 2020 results on Jul 29, 2020